The $31.5 Trillion Question: Is Your Company Prepared for Climate Change?

Climate change has become a major concern among leading US financial institutions and companies, according to a report to be issued today by the Carbon Disclosure Project (CDP), a coalition of global investors with more than $31.5 trillion in assets.

The report was released at an event hosted by Merrill Lynch and held at their headquarters in New York.

The $31.5 trillion in assets behind CDP4 represents an increase of over $10 trillion (50%) from the $21 trillion behind CDP3 in 2005. Much of the increase is the result of US financial giants AIG, Goldman Sachs and Morgan Stanley joining Merrill Lynch, and other US institutional investors, to become CDP signatories.

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